Is ICP crypto a good investment? In this guide, we’ll explain what the ICP coin is and how it works, as well as look at some factors that could affect its future value.
- Also learn about: Best Cryptocurrencies to Invest In
Is ICP Crypto a Good Investment?
The Internet Computer Coin (ICP) is a cryptocurrency that aims to build a decentralized internet. The ICP cryptocurrency launched in May 2021 and quickly became one of the top 10 cryptocurrencies by market cap. However, its price has since fallen back down to number 12.
So, is ICP crypto a good investment? Many sources give ICP positive reviews as far as price trajectory. However, we recommend doing your research before investing in any cryptocurrency.
What is Internet Computer Coin (ICP) Crypto?
The Internet Computer Coin (ICP), trading under the ticker symbol ICP, launched on May 10th, 2021. The blockchain platform is designed to host and run decentralized software applications at “internet scale.”
According to the project’s website, ICP enables developers to build fast and secure applications that can handle millions of users. This contrasts with decentralized finance (Defi) platforms that rely on Ethereum for blockchain infrastructure.
The Internet Computer also seeks to solve internet speed and security issues by providing a high-performance alternative to traditional cloud servers.
ICP was developed by Dfinity, a Swiss non-profit organization founded in 2015. The ICP token sale raised $102 million from venture capital firms such as Polychain Capital, Andreessen Horowitz, and Aspect Ventures.
Internet Computer Coin (ICP) Price Predictions
- CryptoNewsZ has given ICP a 2022 price prediction of around $115. As of the writing of this article, this would mean a 240% increase in ICP’s current price. This outlet has also given ICP a 2025 price prediction of $200, which would mean gains of 492% from ICP’s current price. CryptoNewsZ claims that as long as Bitcoin and Ethereum remain stable coins, ICP should also enjoy profits.
- Coin Price Forecast has given ICP a 2022 price prediction of around $40.39. This prediction would mean a 19% increase from ICP’s current price. The prediction was calculated using prediction models, which computers use to make decisions and can change over time based on market conditions.
- Wallet Investor has given ICP a price prediction of $1.73 for 2022. This is a conflicting prediction from the above two sources. $1.73 is a loss of over 94% of ICP’s value. Wallet Investor claims that the overall market sentiment of ICP recently has been bearish, which suggests downward momentum.
How to Buy Internet Computer Coin (ICP) Crypto
ICP crypto is currently available for purchase on Binance, Huobi Global, and OKEx. We recommend using Binance to purchase Internet Computer Coin (ICP).
You can get 25% off trading fees by using our partnership link below:
The Bottom Line
Many investors have been asking, “is ICP a good investment?” Experts have mixed reviews; some predict ICP to increase anywhere from 19% to 240%, while others expect it to decrease by 94%. ICP can be purchased through Binance exchange. As always, we recommend conducting due diligence before buying any crypto. Happy trading!
